IIA-Australia Factsheet - Internal Audit Report Caveats and Disclaimers
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|A disclaimer is a statement designed to limit or exclude a person from legal liability. In contract law disclaimers (also referred to as exclusion clauses or exemption clauses) are terms of a contract which limit or exclude liability for contractual breach. As long as reasonable notice of a disclaimer is provided a properly drafted exclusion clause can, subject to statute, effectively limit or exclude any contractual liability.|
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